VERMONT CENTER FOR EMERGING TECHNOLOGIES INC (EIN 300275435) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

DAVID BRADBURY

Phone

8662329423

Tax Period

2023-07-01 to 2024-06-30

VERMONT CENTER FOR EMERGING TECHNOLOGIES INC, founded in 2003, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 133% from the prior year, signaling strong growth momentum. The organization ran a surplus of $586K, a strong 38% operating margin.

Mission

VCET'S PURPOSE IS TO ACCELERATE INNOVATION AND ENTREPRENEURSHIP ACROSS VERMONT. THIS IS ACCOMPLISHED BY PROVIDING EXPERT MENTORING AND TECHNICAL ASSISTANCE, THE OPERATION OF COWORKING/INCUBATION FACILITIES AND THE OPERATION OF EARLY STAGE SEED CAPITAL VENTURE FUNDS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,177,774

Program Service Revenue $275,157

Investment Income $73,042

Other Revenue $0

TOTAL REVENUE $1,525,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $633,417

Fundraising Expenses $46,993

Program Expenses $751,885

Other Expenses $306,441

TOTAL EXPENSES $939,858

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,525,973	$653,569	+1.3%
Expenses	$939,858	$770,385	+0.2%
Net Income	$586,115	$-116,816	-6.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$479,397

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK CIOFFI	CHAIR	4.00	Officer Director	$0	$0	$0
BRIAR ALPERT	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ELIZABETH ROBINSON	SEC. & TREAS	1.00	Officer Director	$0	$0	$0
JANETTE BOMBARDIER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LANE	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
ROB FOREGGER	DIRECTOR	1.00	Director	$0	$0	$0
GAVIN BERGER	DIRECTOR	1.00	Director	$0	$0	$0
LISA GROENEVELD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ARONOFF	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BRADBURY	PRESIDENT	40.00	Officer	$254,500	$61,018	$315,518
SAMANTHA ROACH-GERBER	VICE-PRESIDE	40.00	Officer	$117,955	$45,924	$163,879

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2024	$1,525,973	$939,858	$13,421,803	$586,115
2023	$653,569	$770,385	$4,502,777	$-116,816
2022	$1,527,925	$656,359	$4,432,158	$871,566
2021	$947,705	$686,989	$3,812,733	$260,716
2020	$253,283	$673,800	$3,539,707	$-420,517
2019	$631,666	$700,395	$3,897,618	$-68,729
2018	$583,457	$633,303	$3,962,578	$-49,846

VERMONT CENTER FOR EMERGING TECHNOLOGIES INC